Akhilrajfx

Akhilrajfx

GBPJPY Reversal R:R 1:3.5 RISK % - 2%

Akhilrajfx

Hey Traders, Welcome back!Hope you all are doing well. As we can see GBPJPY is in a upward trend, the price shall make a move back to current support level for a retest and then we can enter the market in buy side for a good Risk Reward Ration of 1:4 .

Akhilrajfx

Hello Traders, As we have seen gold had a Strong bullish move and reached Second All Time High. Price has cleared the current channel and had a retest.Now what am believing is the price shall move further upward till 1830.00 in the next week .

Akhilrajfx

Hello Traders, The price has currently come to the retest zone 1.62660 ,Hence from here we can take a short position which is a good R:R 1:3. FX:EURAUD

Akhilrajfx

We can also see EURJPY in a bullish move .This is a good opportunity to buy at current price and have good R:R of 1:2.5 and may be even more after the price retest at above Support level.

Akhilrajfx

Hello Traders,My current analysis on this trade is really a good risk reward ratio 1:3 .As per last week analysis the price is currently sitting at a key support level and did not push further down.There a lot of buyers in the market currently which gives us a good opportunity to enter buy side at 107.41.Hopefully we close this trade on positive side.Please feel...

Akhilrajfx Updated 

If we see the price rejection in the below support level ,we can see bullish push towards 114.00 or even more or else if price continuous bearish trend we will be seeing the price at 110.00 post retest at the current resistance level.

Akhilrajfx Updated 

Overall GBPJPY has bearish trend.What we can see this week is if there a rejection at current support level the price will get back to 135.00 . However the price couldn't cross at 134.00 in the previous week after multiple attempt. so if the trend continuous we can expect is the price coming down to 129.50 for sure by this Thursday or week close.